Wednesday, February 03, 2010

Do we really need financial advice from Barack Obama?

President Obama seems to have a real problem with the tourist industry, particularly the industry that is the backbone of the business in Las Vegas. For the second time he has told crowds that they shouldn't go to Las Vegas.
President Barack Obama took another dig at Las Vegas at his New Hampshire town hall Tuesday after similar remarks got him into hot water last year.

Obama said that people should not "blow a bunch of cash in Vegas" during a tough recession. Las Vegas Mayor Oscar Goodman called for Obama to apologize after he made comparable comments last February.

"When times are tough, you tighten your belts," he said at the forum." You don’t go buying a boat when you can barely pay your mortgage. You don’t blow a bunch of cash in Vegas when you’re trying to save for college."
Last year, he'd passed on a similar message targeted at businesses in tough times telling them not to go blow money in Las Vegas.

First of all, do people in tough times really need the President of the United States to tell them to tighten their belts? Are we all so dependent on the government now that we need to look to the president for money management advice?

And why should he single out the state of his very strongest ally in the Senate? Does Harry Reid really need this? With his own ratings in the outhouse, particularly after having carried water for the administration's priorities this past year, this is how Obama repays him - by bashing the major industry of his state, a state that has been suffering deeply in the recession?

And do other states that rely on tourism such as Florida or Louisiana really need the President to travel around telling people not to take expensive trips to their locales?

In addition, in an era when the federal government is bailing out businesses such as GM who have not managed their money well, when state governments are piling up deficits because of the pensions that they have promised public employees, and the President just proposed a budget with the biggest deficits in history, is the head of the federal government really the one who should be giving us financial advice?

And as Cassy Fiano points out, these politicians who head up our government today are not the ones to be lecturing people on how to spend their hard-earned money.
On top of all this idiocy, these digs at Las Vegas absolutely reek of hypocrisy. Obama has turned the White House into some kind of night club, hosting weekly parties for celebrities and DC insiders. He jets back and forth to Copenhagen on the taxpayers’ dime. He takes his wife and family out to Broadway shows and and concerts. He uses taxpayer dollars to fly to New York for dinner and a play, for Chrissakes. And other Democrats are no better. Nancy Pelosi is the best example, as she’s apparently been using the Air Force as a personal chaffeur for herself and her family. Not too long ago, the House Appropriations Committee was ordering another round of Gulfstream jets for politicians to use. There was an 11-day trip a group of politicians took to New Zealand “to study climate change”, featuring fireworks, snorkeling, reef dives, and a trip to the South Pole. It ended with a stay in a luxury hotel in Hawaii. The government wastes money in a million different ways, yet Obama wants to lecture us about how to spend money responsibly? This from the man who has quadrupled our deficit in just one year?